15762. East Side Bank (New York, NY)

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HEBREW'S RUN ON EAST SIDE BANK WITH ITS UNUSUAL SCENES GRAPHICALLY DESCRIBED specific offers for cash was one of $1.HE storm which gathered about the of the bank. whether they are desirable accounts to bag in her shawl and went labor 000,000 from the Citizens' Central bank, reopen. At 10:30 o'clock the first truckload of State bank in Grand street on up to the street. another of $300,000 from a Brooklyn "Those who withdraw accounts now Dozens begged and whined to silver came from the sub-treasury. The Tuesday afternoon burst with full bank and others by the dozens "for their money taken back after the also will not get any interest on their crowd had to be roughly handled to upon that institution yesterday any amount needed." seen it Only one exception was money. We do not agree to pay interkeep them away from it. Old men and An old woman loaded down with But the State bank needed no help. est on accounts, but as a matter of fact old women tumbled over each other to orning. When the bank threw open It sent down its $10,000 yellow-back than 500 silver dollars was peri touch the truck or the horses, as we do pay 2½ per cent. In a rush like doors at 9 o'clock, an hour earlier bills to the subtreasury and brought to redeposit it An old. long-be this it is out of the question to attempt though to satisfy themselves that they the usual time, more than 1,000 back in exchange bags of silver by the patriarch with $1,600 sat on the were real and not a dream. Fifty sacks to compute interest, and we do not pay depositors were gathered in truckload for depositors. The bags with his wealth between his leg it. All those presenting accounts in containing $50,000, each sack weighing of it, and all day long there was were dumped into the steady grinding raised a dismal howl when the this run are the depositors of savings, fifty-five pounds, were on this truck. fight to prevent the bank entrance hopper in the basement, where the run wouldn't take it back and they lose the interest." They came with four armed bank embeing rushed. was being met, and then ground out "I leave, then! I won't take i On this basis most of the accounts ployes, and the crowd was pushed back When the bank opened twenty-five into the grists for which the bank shouted in Yiddish until he was h having six months' interest due on while stalwart porters staggered with licemen were around it ready to deal books called. with his wealth into the street the silver into the basement. them, the bank saves by yesterday's strenuous conditions, but it was "It's only a question of physical enReceptacles for carrying the stampede about $800, and as the run When the police had the crowd in until three had been hurt by being durance on the part of our tellers." were in such demand that a do promises to keep up for several days something like order a rope was ueezed against the area railing that said Manager Arnold Kohn. "We did more women then and there st there will probably be a handsome marstretched along the curb, and the police got the mob in hand. Serthink of getting a force from our off their petticoats and made sa crowd was kept outside of it. To get gin of profit above the expense inciKenney of the Delancy street them One girl tore off the slee Brownsville branch and keeping up the dent to handling the mob. inside long-whiskered patriarchs tried was so badly hurt that he had payments until 9 o'clock in the evenher shirt waist, revealing tha The psychological history of the presto kiss the policemen's hands. Others be relieved from duty for the day. ing. But that is unnecessary. We will wore no unedrshirt, and, tying or ent run is wrapped in mystery, Mr. the mad rush on the bank there was whined pitiful tales about needing open an hour earlier and keep open of the sleeve into a knot, made a Kohn, the vice president of the bank, money for food. It was noticed that narrow escape from a more serious an hour later tomorrow and till the ey bag of it. women with children in their arms got could advance only one possible exThe iron railing against run ends. I suppose, though, that this "It will be a rare time for th planation for it. into the line first, and then there was a the three policemen were rush will keep up into next week, and side crooks tonight," said one "The newspapers have contained a rush of women homeward to get their ueezed gave way at one end, and the its effects will probably be felt for bank attendants. good deal recent about bank failbabies or even to borrow babies for the curbing in which it was set was two or three weeks. We've had five "I am trailing as many of thes ures," he said. "and there have been occasion. The men were kept in the several inches out of plumb. runs in all and we know these volatile ple with detectives as I can," sa several bank failures on the east side. rear rank, but it was first come first the rail wholly given way the poeast side people thoroughly." spector Titus. "Nobody has comp Then the Chadwick matter and the served at last, with men and women, and thirty or forty men and of losses in the streets, but wha "We have put out no statement of charges against the City bank and Vice babies or no babies. would have been piled in a heap any kind," said President Oscar L. happen in the tenements tonig President Loomis have been eagerly The women were sent down into the the area below, but just at this Richard. "Our experience is that it is another thing." read by the public. The air was charged bank basement in batches of twenty. It moment the police gained the worse than useless. Tell these people Two boy pickpockets were an over the mob and forced it with this kind of electricity and it did was thought there was favoritism on anything and it only arouses their susin the afternoon at work in the not need much of a conductor to bring the part of the cops and this started a -New York Sun. picion the more. The only thing that the fluid down almost anywhere. The bank officials had realized what rush, in which the weakened railing talks to them is money. "The public was in a receptive condiwas again threatened. And thus for had to face and were prepared for Hard Wear. "The most triffing cause is sufficient They had drawn $400,000 from the tion and this east side population is hours depositors, bank books in hand, to start a run here. In 1895 a man fell went down into the basement and came very volatile. That is the only explanabtreasury. $75,000 of which was in "I should like to look at a sto in an epileptic fit on the front stoop. dollars. They had an extra force tion I can give of it. except that the up again staggering under a weight of hat," said the man who was gui or course a crowd gathered. The sight bullion. large numbers of people coming to paying tellers with stacks of bags of his wife in his shopping tour. of the crowd sprung the idea in somemake deposits by Jan. 10 to come in for "He thinks.' explained the wife Th scene down in the basement has piled around them and all paybody's mind that the bank was in trousalesman. "that he will look grat interest may have started the exciteup to $500 were made in these never been matched before even in an stove-pipe hat. bie, and in no time we had a run on ment." nderous coins. Above $500 the payeast side bank run. The sixteen tellers "We have quite a range of st our hands. It kept up for days. were about two-thirds in silver Inspector Titus, who was on the stood in two cages with bags of silver them.' said the salesman as he "In 1893 a Yeddish newspaper that one-third in $1 bills. ground with the police for a good part dollars stacked up around their feet. open the boxes. circulates here printed one day the Payments continued for an hour of the day, characterized the run as "This one doesn't soot him at Three men in each cage did nothing but headline, 'Neb. State bank fails,' and the bank doors were closed to you think?" asked the wife, whe the werst he had ever seen on the east count out money-ten silver dollars in below it an account of the failure of man had tried on the first. relays of panic-stricken depositside. and he has seen a good many. a pile, ten piles in a row-$1,000 per "I think it is a nice lid," slang the Nebraska State bank. Now, in Yedand about $65.000 in sums ranging After Tuesday's excitement scores of tray. As fast as the contents of a bag clared the clerk. dish there is a word nebbig. It means $5 to $1,600 was put out. Somemen and women hung about the neighwas thus counted out another was "I suppose the high price is beca poor. The readers of the Yeddish newslike a ton and a half in silver borhood all night, to be first in line the skillet takes to make the hat, emptied on the counter, and all day paper interpreted 'Neb.' in the headover the bank counters. tured the husband. when the bank opened. Many of those long this went on. the tellers never restline as an abbreviation of nebbig. and "Yes," answered the salesman wide zone of the east side was inwho did go home kept an all-night ing and the constant clink. clink. clink then, you see, this hat is not over they read it. 'Poor State bank fails.' vigil. With the first streak of dawn with silver, involving in many of the dollars as they counted them into nary shape. That was enough. They came down to tenement a vigil over the treasure to they were out in the street. The police. the little heaps, keeping up like the "I'll take it." announced the hu us like a deluge and we had a run that thieves away. in keeping back the mob bowled dozens rhythmic beat of a piece of machinery. "if you'll cash a draft for me." lasted two weeks. "The boss wood-fire me if I di The bank would not let those who of them over. Out of one heap RoundsAlong a railing waiting their turn "On another occasion a boy in front plied the clerk. man Blunt fished a woman who was to be paid stood the doubting Thomthdrew their accounts re-deposit "Then that puts a damper on the of the bank shouted 'Fire!' A crowd lying flat on her back, with a heavy ases, their eyes fairly aflame with mon"Take your money, go away scheme. asserted the wife, taki gathered and again we had a run on man sitting on her face, the man himdon't come back again," was what ey greed as they looked through the husband by the arm and leadit cur hands. self unable to move because he was institution's line of action meant wire netting at the heaps of wealth away. "So in this case we have issued no pinned down by the weight of those on within. inslated into words. and it was rigIt was often a staggering problem top of him. The woman was dazed, but statement, and will issue none, because adhered to, notwithstanding the Ridiculous Man. not unconscious. what to do with the money when ne entreaties of many who, havit is of no earthly use. The only nohad it. It had to be counted. and This was when the railing gave way. tice we have put out is the one you see seen and touched their savings, "If your Dorcas society really to accomplish a good deal of wor Sergeant Kenney's billy in his pocket content and wanted to put them in the window which simply announces each piece had to be examined and don't you buy a sewing machin often bitten before it was counted. One that until further notice the bank will was then pressed against his side so in the bank's safe keeping. asked. woman. who had drawn $865. all in silthat he was then badly hurt. PoliceMeantime the bank was doing a roaropen at 9 o'clock in the morning in"Why?" she asked in surprise men Robinson and Blunt, the other two stead of 10, and will close at 5 in the ver, sat on the floor with her heap bebusiness on the incoming side of the "Because one machine could fore her for more than an hour at men squeezed, were able to stick it out. The first deposit was made by much as half a dozen women. at afternoon instead of 4. As long as the Nonsense! A sewing machine this task. In the window seats and Fishel. The amount was $23,750. In several of the rushes the police rush continues we will continue paying gossip.' drew their clubs and the more frantic wherever a place could be found, others a few minutes there came another accounts in full, and will make no parwere at the same job. of more than $6,000. Thus the men in the mob ran away howling. but tial payments. Withdrawers must take Bombardment. all of them were more scared than hurt. When Beckey Cohen of 227 Broome relling tide of income kept up until all or nothing. Our payments in silthe close of business $440,000 had street got her pile she seemed stunned. Several of the more irrepressible were ver serve to identify those who withStubb-I read that the ancient sui She had $1,085 coming. The teller draw accounts. Those who come to deposited as against about $65,000 picked up bodily and flung out into the Egypt used to inscribe their love thdrawn. In addition there came by roadway. In all instances they took the slapped out a $1.00 sack to her and open accounts hereafter and offer to on bricks. $85 in ten-dollar piles. She finally hustling placidly and as a matter of in-Goodness Suppose the 00 ephone and letter offers of assistance deposit silver will be identified as stowed away the eighty-five siller dolangry and returned all the lett course, coming back again dominated all told. more than fifty banks among these stampeders, and we will throwing them! lars in her clothes, wrapped the heavy exercise our discretion then as to individuals in the city, Among the by the one idea to get their money out